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Department of Economics and Finance took hands with alumni students in writing a book

01 April 2021 | Story Dr Nitha Ramnath | Photo Supplied

Personal finance authors_web read more — Back: Dr Nico Keyser (editor), Dr Ivan van der Merwe. Front: Minette Weideman (Portfolio Manager at Levevis Investment and Consulting Services), Melanie Ferreira (Business Development Manager at Allan Gray), Dr Cecile Duvenhage (editor) and Lizelle Jansen van Rensburg (Lecturer). Dr Jesse de Beer (Lecturer at University of Namibia) was absent.

Two lecturers from the Department of Economics and Finance at the University of the Free State (UFS) teamed up with alumni – who were once students in their department – to write a book on personal finance. This book is the latest hands-on application of the theory in practice.

“From the book it is evident how our alumni – who once were learners – became educators and contributed to teaching and learning,” says Dr Cecile Duvenhage, Lecturer in the Department of Economics and Finance, about the book Personal Finance. The desire to write this book stems from previous studies done by Dr Duvenhage and Dr Nico Keyser, Senior Lecturer, on the financial literacy levels among young adults.

One such study was published in the Journal of Psychology in Africa (29(4):460-465). According to the study, young adults lack the basic understanding of financial aspects. Theory can be learned by heart, but the understanding and execution of well-informed financial decisions need to be addressed. Thus, the book was written in such a way that it is easy to understand, and with the aim of changing financial behaviour and attitude in a positive manner. The book provides useful websites and appendices for additional information and reading, and is aimed at the man on the street, researchers, and practitioners.

Acording to the authors, during the writing of the book in 2020, new challenges arose, including the dramatic impact of COVID-19 on the financial market, and these aspects were included during the final stages and editing of this book.

“Why personal finance? ‘Money makes the world go round’, the saying goes. Good financial decision making has a positive influence on overall well-being, allowing people to maximise their opportunities and lead more fulfilling lives. Personal finance teaches individuals financial skills so that they can manage their money better. The subject, Personal finance, is an interdisciplinary subject and encompasses many areas and core topics such as decision making, cash-flow management, savings, credit, debt, housing, and planning for the future.”

Personal Finance (first edition) was published by Van Schaik Publishers and has been available from leading bookshops since the end of December 2020. All chapters were critically reviewed by three (3) university lecturers and a qualified editorial panel.

News Archive

Travel 120 million light years this July holiday

2014-07-07

The first digital planetarium in sub-Saharan Africa – situated on Naval Hill, right here in Bloemfontein – opened on 1 November 2013. The University of the Free State (UFS) is managing this facility.

In view of the July holiday, special family programmes will be hosted on Friday night, 11 July 2014. The programme includes the following shows:

Nanocam
Nanocam (you shrink down to the size of an insect and fly through the eye of a needle) is a microscopic joyride into the five kingdoms of living organisms. The show offers a compelling, educational and funny approach to life that has never been seen like this before.

Fragile Planet
Fragile Planet offers a journey of 120 million light years to rediscover our home. The audience experiences an astronaut’s view of the earth, highlighting earth’s unique regions.

The pre-produced programmes are all in English, but the live presentation and tour through the universe will be alternately in Afrikaans or English.

Tariffs
Adults: R50
Learners, students and pensioners: R30

Buy tickets at
- The planetarium before shows;
- Computicket (at all Checkers, Shoprite, House and Home and Checkers Hyper shops);
Computicket’s enquiry centre (08619158000), or
- Online at www.online.computicket.com (look for ‘planetarium’), for mobile devices go to www.computicket.mobi (look for ‘planetarium’).

For any enquiries, you are welcome to contact Yolandie Loots at FickY@ufs.ac.za or on +27(0)51 401 9751.

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